Mexico’s Ecology and Sustainable Development Commission (CEDES) has established an agreement with Korean conglomerate LG Corp to install a 100 MW solar park in the state of Sonora.
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Nestle has announced that next year it will inaugurate its new renewable energy project in their largest coffee plant in the world, located in Toluca, Mexico. The steam-generating boiler powered by biomass from coffee husks will cover 53% of the plant’s vapor use.
Last month, Cleantech Challenge Mexico honored the competition’s eight finalists during its award ceremony held in Mexico City. The winner of the completion took away MX$250,000 in cash, while the eight finalists were eligible for up to US$30 million in venture capital investments.
Grupo Dragon recently placed an order for 28 wind turbines from Danish manufacturer, Vestas, for the new Los Altos wind farm in Jalisco, Mexico. Los Altos will be Mexico’s largest wind project after the one in the Isthmus of Tehuantepec.
The project will have a total capacity of 50.4 MW, and is expected to reach completion by the second half of 2013.
According to solar and wind systems producer, Conermex, Mexico will reach a total of 12 MW of electricity generated by solar energy by the end of 2012, doubling its current potential.
Mexico currently has 6 MW of solar energy capacity installed, but with a growth spurt in investments and new projects, Mexico will reach 12 MW of solar-powered electricity by the end of the year.
Mexico’s most important cleantech competition officially launched nearly a month ago, and after over 30 hours of business training in seminars and workshops, the 128 green entrepreneurs presented their business models during the first elimination round.
Mexico’s largest PV panel manufacturer, Solartec, has invested nearly $7 million USD in the construction of “Enercity-Alfa”; the first solar park in Mexico produced solely by Mexican manufacturers.
San Francisco has it, so does Boston, London, Australia and South Africa, and now Mexico. Cleantech competitions have turned into a global trend over night, creating a forum where entrepreneurs can showcase their inventions, share ideas, learn from their peers and experts, and best of all, get financed. In its third edition, the Cleantech Challenge Mexico seeks to once again support Mexican cleantech and green entrepreneurs to kick-start their businesses.